Somalilandsun- The international community has long worked toward free trade, a kind of cooperative solution. Any attempt by Trump to fulfill his campaign promise to impose trade restrictions, punitive tariffs, and border taxes would thus amount to a defection by the US. In that case, it would be understandable, even appropriate, according to the TFT approach, if America’s trade partners retaliated.
Adding that While Trump’s focus on bilateral trade balances betrays a lack of understanding of how trade works – multilateralism functions better than bilateralism, as it is less likely to leave one economy beholden to another – it also makes the bilateral TFT strategy more straightforward to implement Koichi Hamad Professor Emeritus of Economics at Yale and special adviser to Japan’s prime minister wonders whether this isn’t just another Grand Strategy by Donald Trump?
